RE: TransCanada Decision on Energy East

October 5, 2017

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“There is no path to prosperity in Canada that does not include a thriving and vibrant energy sector – both traditional and renewable. That is why the Government of Canada stands firmly behind the Canadian energy sector and the hundreds of thousands of hardworking Albertans and Canadians who make their living in this important industry.

As Albertans, we, too, are disappointed with the news. The TransCanada Pipelines’ decision to cancel the Energy East Pipeline was a business decision.

While we recognize the current market challenges related to world market conditions and lower commodity prices, we continue to see signs of growth in the sector and Alberta and Canada remains open for business.

Our government has approved two major export pipelines that are now under construction and a third is expected to start soon. The Trans Mountain expansion and Line 3 projects alone represent over $11.6 billion in investment and will support thousands of jobs. Our government would have used the same process to evaluate the Energy East Pipeline project that saw the Trans Mountain expansion and Line 3 projects approved. Nothing has changed in the Government’s decision-making process.

This summer, as Liberal Alberta Caucus, we attended the groundbreaking for Enbridge’s Line 3 pipeline in Hardisty, Alberta. We saw firsthand the good work our energy sector is doing to provide jobs that benefit Albertans and Canadians. We are proud of the hard work that Albertans and Canadians working in all levels of the energy sector put in each day.

The Alberta energy industry knows how to evolve and adapt to what happens globally and our government will continue to be a partner in opening markets and creating prosperity.”